Skip to main content

About this Show

Your World With Neil Cavuto

News/Business. Money tips from Wall Street. New. (CC)

NETWORK

DURATION
01:01:00

RATING
TV-MA

SCANNED IN
San Francisco, CA, USA

SOURCE
Comcast Cable

TUNER
Channel v760

VIDEO CODEC
mpeg2video

AUDIO CODEC
ac3

PIXEL WIDTH
1280

PIXEL HEIGHT
720

TOPIC FREQUENCY

Neil 9, New York 8, Us 7, Lyrica 5, Michele Bachmann 4, John Stossel 3, Geico 3, Oregon 2, Washington 2, America 2, Clinton 2, Tucson 2, Blumenauer 2, Ben Nelson 2, Verrazano 2, United States Postal 2, Phyllis 2, New Jersey 1, Texas 1, Via Gmail 1,
Borrow a DVD
of this show
  FOX News    Your World With Neil Cavuto    News/Business. Money tips  
   from Wall Street. New. (CC)  

    December 4, 2013
    1:00 - 2:01pm PST  

1:00pm
when news breaks out, we'll break in. right now the dow's been all over the place. you see in the early going around 10:00, concern about the fed made this happen. we're dunn a little. here's more. >> i introduced legislation, house bill 3636, that was immediateled after the simpson bowles recommendation, a three-step phase-in a 15-cent gas tax increase. the first increase in 20 years. >> well, he said he would do it, and today he d. i just last night asked pointblank why the heck he was. there are a lot of people listening it this. this congressman is talking about -- >> don't trash security councci- >> if the gas tax, acting like it's no big deal. >> i didn't say it was not a big deal. i said it is a big deal. it's very important. the ability to fund transportation because we haven't raised the gas tax in 20 years --
1:01pm
>> you can't account for the money that's been allocated already, that's committed already. >> absolutely you can. look at your communities in terms of the bridge construction, the maintenance. onestly believe working with the folks that you do that the money you might get from this gas tax is going to be used exclusively and only for repairing roads and bridges and fixing our highways? do you think that's really going to be the case? does the history with the people you work with indicate that that will ever be the case, really? >> why do you say that? where do you think it's gone? how did the -- how did the surveillance system -- >> i don't know because the roads and bridges are for crap. this is after we've committed tens of millions of dollars each and every year through a variety of sources, and they're still falling apart. you're saying, well, maybe the difference and the answer is more money. the fact of the matter is with the money we spend, we can't account for it. >> you -- where do you get that? you can't account for it? >> can you account for $42 billion? >> that's stupid. >> can you spell out for me,
1:02pm
congressman, where that $42 million has gone -- >> the budget is available for every state -- >> if the goal was to fix roads and bridges and they're still action readily to your point blowing apart, me thinks someone has taken it, someone has taken it. >> wow. >> what americans want to know is how can you guarantee the new moneys you want from this won't compound the sin? >> i just finished indicating to you that independent studies from business, from republican -- >> you have no idea. you have no idea, do you? you have no idea. >> i think you don't have -- you purposely don't have an idea. >> i commented -- i comment a lot and get the same answer -- >> thanks for your time. maybe it's because you're just wrong, neil. the money didn't disappear. some places you'd like it spent differently. there are things i'd like to do better -- >> no, that was transportation money. transportation money goes to transportation. around and around it went. it got worse. if you think that was hot, today
1:03pm
a peek at the thousands of emails and tweets that show more than a few of you are very hot and very bothered. welcome, pump it up and tax it up. oregon democratic congressman earl blumenauer is set up with an infrastructure that is crumbling and federal gas tax that for two decades has not been moving. that is until now. the congressman wants to double it to north 3of -- of 33 cents gallon because it has nowhere else to go. where did the other infrastructure go? sometimes blistering exchange prompted blistering responses including this one from rick in new jersey -- "thanks for not letting this stooge off the hook. well done." larry, via gmail, "neil, i didn't think you could top your guest richard simmons, but i was wrong. plus, i never take anyone seriously that wears a bicycle on their lapel." i missed that through the interview. b.m. in florida, "great job. i thought mr. blumenauer was going to cry."
1:04pm
i never suspected that. answer your question directly, i did. but not that. bill in maryland made a strong argument for term limit. he doesn't get it. donald in new york, "now i can see why this country is going down the tubes." david in texas, "what happened to all the money for infrastructure from the stimulus package a few years back?" you're right, $800 million. where did it go? what indeed, david? that's a that you will fraction of the hundreds of billions we've committed to our nation's infrastructure over the years. we're going to have lots more in a minute. walter via aol.com, "you lost your cool. the one who shots the loudest and interrupts the most is an "objective" commentator?" no, just jim patient. i asked the -- impatient. i asked the congressman calmly, explain what happened to the money we have committed to roads and bridge before you ask american to provide still more money. nothing. i think that says something. annette out of wisconsin knows of what i speak. "my dad was department of assistant manager at the traffic
1:05pm
control in milwaukee for years. he said that the transportation funds were regulatesly raided by the general funds to pay for anything and everything else. are you completely correct." dennis in st. augustine, "geez, neil, your interview was third rate at best. usable infrastructure is being ignored." so to any of the accounting of hundred of millions in usable dough fix it, denise? geez. carol via hotmail, "gammy carol offers you a hot cup of tea. i applaud you for wondering where our tax money is going." thank you. i'm going to take you occupy it if you spike it. "this man should be embarrassed. he's why we're in debt. no one in d.c. gives a damn about fraud and waste." another, "tonight was the first time that we saw you lose your temper. you were definitely jestfied. we trust that this will not spoil your christmas." not yet. but even talk of a doubling the gas taxes was unnerving to a lot of folks three weeks to the day ahead of christmas.
1:06pm
to jamie, finding out for herself that out at a sunoco station. jamie? >> reporter: yeah, unnerving to say the least, neil. kudos to you for asking the question that has everyone at the pump scratching their heads. gas prices over the last couple of months have been coming down. but now they realize they're going to go up. and they're really steamed because it's due it higher taxes. >> it's unthinkable. that's -- almost insane. gas prices are going to almost $4 for a gallon now. and i mean, you can't even afford to eat after that. >> no, that's not -- that's outrageous. i don't think that's good. i don't like that. gas is already expensive as it is. >> he going to double the taxes, so how much is going to be the gas? who going to lose? the paper, the taxpayers, they're going to lose. >> no. that's too much. no. don't give me that.
1:07pm
>> reporter: neil, we tried to nail down the answer to the exact question you asked -- if you're going to collect all this money in taxes, where is that money going to go? what exactly is going to be fueled? listen. >> i have no clue where the money goes because they don't tell you nothing basically. you don't know nothing, and they don't -- they don't explain where the money goes. >> very confusing. i have no idea where it goes. >> no idea where the money's going. >> seems horrible. seems we've paid too much now. we don't know where the money goes. >> i think most of the time the money goes to places or initiatives that i think that me and my -- you know, colleagues or whatnot, probably wouldn't have done anyways. >> i have no idea how it works. >> reporter: yeah, and 49.5 cents tax. that's what's included in the gallon of gas right now. if that blumenauer bill passes, it will be in new york, 83 cents
1:08pm
per gallon in taxes. advocates are arguing that they need to come up with that because there's a $20 billion shortfall in what they need for infrastructure improvements. stay on it, neil. >> all right, jamie, thank you very, very much. maybe a lot of folks are confused because they feel plenty of tax as it is. we're not skimping on infrastructure funding. not close. we're spending more than $121 million each year, each year in combined tax, fees, and ancillary easy payments for just this purpose -- ancillary payments for just this purpose. $85 billion that uncle sam and states are collecting each year, each year in fuel tax. another $13 billion in tolls. $9.8 billion in property taxes and assessments. indeed. and $14.5 billion in additional local and state ancillary fees. $62 billion in combined oil
1:09pm
company taxes, presumably earmarked for this sort of thing. or could be. and by the way, i'm leaving out the $800 million stimulus package. remember that? that was supposed to have all the shovel-ready project infrastructure building, roads, repair, whatever you want. i'm leaving that out for the purpose of just looking at these annual figures. reason enough why -- editor-in-chief matt well says it is not an issue of all the money we're already paying, but where the heck it is going. matt? we don't know. >> we don't know. well, we do know that the gas tax, which they've been collecting since 1956, basically for the last 30 years, one quarter out of every dollar collected for the gas tax does not go to the interstate highway system which was originally funded to help maintain. it goes to public urban transit. so it -- not even going to its original purpose at all. it's going to kind of the opposite of what you might expect for a kind of user-generated fee out there. it's going to bike trails. i mean, there's a reason why the representative had a little
1:10pm
green bike on his lapel. he's getting money from the gas tax for his bike lanes in portland, oregon. >> and a lot of taxes, they don't go away. i remember in new york, with the verrazano bridge. they said when the -- the most controversial taxes, when the bridge is paid for and done, we'll take the toll away. last time i checked, the toll is still there, about $75 to go over the verrazano bridge. exaggerate, but to make the point here that we're not following the moneys we're already spending that i think are not in a lock box just meant for this sort of thing. >> yeah. i mean, if you look at people who advocate for big government, they actually don't spend a lot of time extolling the virtues of big government. because that is an awkward conversation, and because it requires them to do what you were asking earlier. it's just document what you've already spent. the federal government spent $1.8 trillion in 2000. it spent $3.6 trillion in 2010. so are we getting double anything or 80% for inflation, of course we're not. where is this magical stuff coming from?
1:11pm
obama walks around, president obama walks around talking about how, hey, we used to build the golden gate bridge and things like that. keeping in sight the fact that the total government did not build the golden gate bridge. where are our golden galt bri g bridges? about $1 billion in stimulus. we spent $50 million in road infrastructure, the stimulus, where did it go? nobody wants to answer the question because the thing is we spend money much worse than we did back in 1956. it guess to bloated contracts -- it goes to bloated contracts crew goes to politically connected developers, states that don't need the stuff. spending money on the federal level is an in addition way to deal with local and state and city roads. >> if you were to add it all up, let's say now -- being devil's advocate here, let's take the stimulus money, the shovel-ready project, a lot were infrastructure targeted at around $800 million and average it out around the last five years and throw in the $60 billion or so you're supposed to get from the oil countries -- a lot of taxes.
1:12pm
they were going tap that for infrastructure. you're looking at $250 billion to $300 billion a year that would be presumably allocated to just this sort of thing. and we're asking for? >> yeah. and part of it is just simpley -- you know, they're diverting this money here, and it's the wrong way to do it. imagine in 1956 that a gas tax seemed like a user fee. we have a lot of different ways to get around. my brother bought an electric car, for crying out loud. he's not paying a lot in the gas tax him. >> they're going to charge by the mail. >> what needs to happen since we're not building highways anymore, you have to build highways by using tolls and by using private companies to generate capital to build these things. and increasingly, that's where we need to be going toward in maintenance, as well. we do have an infrastructure gap here. the money's being siphoned away, and the money -- >> the money's out there. we're not spending on this. thank you as always. you know, if consumers get slapped with an extra gas tax, will they make up for it by cutting elsewhere? monica is worried about. it. >> reporter: absolutely. the average consumer drives past
1:13pm
12 pumps on his daily commute. and even at 45 miles per hour, you can keep track of the prices. so not only are you paying more at the pump, but now every single thing in your closet, in your cupboard that was put on a truck at some point between the factory and the store is now going up in price, as well. what studies -- >> what did people say would advocate this? the price of gas has come down. at least that over this -- this course of time. and so you won't notice. >> the price of gas fluctuates throughout the year. it's a conversation we have many points in the year when the gas price is up. people are feeling the pinch. what retailer have seen is there's a lack of elasticity in gas prices. meaning even when prices go up, the consumer still has to commute to work, they still have to pick up their kids from school. they're not cutting back their fuel consumption that much. they're just spending so much more that they can't spend on other stuff. it really hurts. it hurts the consumer, and it's not something we want to see happen. >> incredible. thank you very much. i do want to relay one last thing, to put this in quick
1:14pm
perspective for you. this spending was so up in waste and abuse, they hit the transportation up. sucks up the difference and -- spends an extra $40 billion to help and bridge that gap. no pun intended here. with all the money we've given -- they essentially borrowed against that to get some more, and you want to give them more money via gas tax -- i'm all for fixing our roads and bridges, folks. the bottom line is, what have you done with the money to fix them that you've got already to the tune of hundreds of billions of dollars? okay. don't think we're bailing out insurance companies in this obama care mess? we're on a role here. what if i told you we just did? i'm phyllis and i have diabetic nerve pain. when i first felt the diabetic nerve pain, of course i had no idea what it was. i felt like my feet were going to sleep. it progressed from there to burning like i was walking on hot coals... to like 1,000 bees that were just stinging my feet. i have a great relationship with my doctor...
1:15pm
he found lyrica for me. [ female announcer ] it's known that diabetes damages nerves. lyrica is fda approved to treat diabetic nerve pain. lyrica is not for everyone. it may cause serious allergic reactio or suicidal thoughts or actions. tell your doctor t away if you have these, new or worsening depron, or unusual chaes in mood or behavior. or swelling, trouble breathing, rash, hives, blisters, changes in eyesight including blurry vision, muscle pain with fever, tired feeling, or skin sores from diabetes. common side effes are dizziness, sleess, weight gain and swelling of hands, legs and feet. don't drink alcohol while taki lyrica. don't drive or use machinery until you know how lyrica affects you. those who have had a drug or alcohol problem may be more likely to misuse lyrica. having less pain -- it's a wonderful feeling. [ female announcer ] ask your doctor about lyrica today. it's specific treatment for diabetic nerve pain. to hear more of phyllis's story, visit lyrica.com. yep. got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate.
1:16pm
so i kn untilt was full. you'd be crazy not to. is tt nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] fedex one rate. so you can see like right here i can just... you know, check my policy here, add a car, ah speak to customer service, check on a claim...you know, all with the ah, tap of my geico app. oh, that's so cool. well, i would disagree with you but, ah, that would make me a liar. no dude, you're on the jumbotron! whoa. ah...yeah, pretty much walked into that one. geico anywhere anytime. just a tap away on the geico app.
1:17pm
right now the obama administration scrambling to work around what would allow insurance companies to get paid come january 1st. some are calling this fix actually a bailout by guestmation. jamie weinstein here to explore
1:18pm
how something could turn ugly very, very fast. what's going on here, jamie? >> well, this is the latest of the parade of horribles from the obama care rollout. government is never very efficient, but this is like a third world despotism. we're told they fixed the front end of the obama care website. they haven't even built the backen yet, which is the part -- back end yet, which is the part where you pay insurance companies the premium you get. the government is telling insurance companies that we pay you, just guesstimate how much we owe in terms of subsidies for those who are eligible for subsidies, and we'll give that to you. then we'll settle the deal sometime down the road whether we paid you too little or too much. but as you can imagine, neil, i very -- it's unlikely that insurance companies are going to say that they were owed less than they are. they're going to overestimate. and it's unlikely that the government will ever get any of that money back. at least i can't imagine that. >> i find it interesting that they're having a problem on the back end. americans feel like they keep getting kicked in the brach eac.
1:19pm
i've always felt the site isn't the problem. it's a site that once you do get through, you find out that there are limited choices, it's one size kind of fits all, not across the board. but for enough that they shrug and say, well, i'm not doing it. and that's the problem, right? young people like yourself are like me because i h worries need you to pay for me. >> right. you need the young and the healthy to subsidize the sick and the old. that's the only way -- >> don't call may sick and old. i'm saying -- >> i didn't call you, neil. >> i need guys like you to make this work. that's what the president is saying. and guys like you, the young -- in general, the crucial dollar paying denominator in this, aren't buying into this. we've got some problems. >> right. the premium, going to call the death spiral. the premiums will have to continue to go up to subsidize or to cover those young people who didn't sign up. and what we're also finding, neil, is the administration says now they're saying, yes, some
1:20pm
people are going to have to pay a little more. but it's going to be for better insurance. but what we're seeing, time and time again, is that people are paying more for worse insurance. they're getting higher premiums with higher deductibles. this is not better insurance from a lot of people. it's worse insurance. and it -- it's one horrible after another. as i said, a parade of horribles. and every day we seem to find something new that is -- that is a problem with obama care. >> maybe we can double the gas tax and then have that pay for it. >> solve ought problems. >> thank you. my goodness. thank you, my friend. in the meantime, bill versus boston. he says once the website is fixed, no one will be talking about obama care. wanna bet? michele bachmann does. michele bachmann's next. twins. i didn't see them cing.
1:21pm
i need a new investment pn. i need to rethink the core of my portfolio. ishares core etfs are low-cost funds. so you can keep more of what you earn. get started with the new ishares core builder. design a personalized plan that can help you achieve your investment goals. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal.
1:22pm
1:23pm
fix this and all will be
1:24pm
forgotten? former president clinton essentially saying that as much in a recent tv interview. that no one will be talking about obama care one the website is working properly. >> we need to see if this can be worked through, if it's worked through, i think with in forecat five months, people will be talking about something entirely different. >> like maybe not having health care at all. i digress. congresswoman michele bachmann says they'll still be focused on obama care and the hopes of problems to come. such as, congresswoman? >> oh, for heaven sakes. if you believe what the firmer president said, you'd believe in unicorn, to -- unicorns, too. >> wait a minute, there are no -- go ahead. >> there's one problem after another. this is whack-a-mole, like a jack in the box. honestly, what people are encountering now is the sticker shock. it's painful and a monstrosity. i went through the process
1:25pm
myself. i'm forced into the exchange here in d.c. our premium mammothly grew. we're looking at our family personally at over $2,400 a month for our premium. and our deductible went up four times. this isn't just us and congress. this is people across america. the sticker shock is going to hit hard. then when you actually use the obama care service, people are going to find out how limited their choices are on doctors, on networks. we're frantically trying to figure out do our doctors even fit in this new network. so the problems are only beginning. >> you know, congressman, i stepped back from this debate -- i don't care whether we work it out or -- i say, well crew depends how many get something out of it versus how many are getting burned by it. and that will decide its success, right? i money, that will decide whether voters like -- i mean, that will decide whether voters like it. if more like it than hate it, it's good for democrats. if more voters have problems than are not, it will be good
1:26pm
for republicans. the administration stance has been -- constantly stresses that more will get something out of this. that those who are uninsured will be insured, the irony is, though, that more are uninsured now than when this first came into being. they say give it time, president clinton saying as much. that's the math. is it your feeling that the numbers are going to be 4-1 versus those who gain? what's your sense? >> the send is that it was going to be far worse. an avalanche. that's why the saw the president defer and delay the small business mandate. the estimate was 150 million more people losing hit and run. we heard about people losing current individual insurance. it's going to be massive. what the final number will be, we don't know. i think, again, there's a lot of people who aren't going to sign up. they're going to say, hey, whack me with a penalty.
1:27pm
again, the dirty secret is, the fine that you pay the government for not signing up for health insurance will come out of your tax refund. if you construction your taxes so you don't get a tax refund, so you just pay taxes, presumably you won't have a fine. so people are going to game the system because frankly they can't afford. it i talked to a restaurant owner over the weekend. owns nine restaurants. he told me he's forcing good and decent people who follow the rules to be corrupt. he said, i don't want to be corrupt, nobody does, but how do we stay in -- >> it stumbles on, this law. are your colleagues hoping it dies of its own weight? that's easier said than done. >> i hope it goes away. i'm the author of the bill to repeal obama care. we want this to go away because it's killing jobs in this country. killing the economy. it's hurting people's lives in a real-time basis. middle class -- >> does it -- sorry, ma'am, does
1:28pm
it bug you when democrats go, yeah, they're going at bashing, but they don't have a plan of their own. there are half a dozen plans -- >> more than that. >> republicans, some say, want to annihilate this and do nothing in return. >> it's political. if you want to address the situation, do one thing -- let people buy any health insurance policy they want, anywhere in america, with no minimum federal requirement. you do that alone, you solve all sorts of problems with access to health care. then give a liability shield to anyone who wants to offer charitable health care. if you do that, you can deal with the poor, you can deal with the middle class, you can deal with the wealthy, and then this sorts itself out pretty fast. >> congressman, thank you very much. i mentioned that, as i said to the congresswoman, the argument is that there are no alternative plans. you might not like the alternative plans, but there are at least six out there. all varying degrees. one for outright full
1:29pm
privatization, another advocating tort reform, aggressive tort reform, some little tort reform. there are alternatives out there. you don't have to like them that much, less the president's plan. there are a lot of them bubbling out there. it's your choice if it comes to that. meanwhile, he was a key vote for obama care then. what does the former senator ben nelson make of it now? he is in perhaps an even more crucial position to decide. i'm only in my 60's.
1:30pm
i've got a nice long life ahead. big plans.
1:31pm
so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. so don't wait. call now and request this free decision guide
1:32pm
to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel -- and there's so much more to see. so we found a plan that can travel with us. anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you in out-of-pocket medical costs. call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is.
1:33pm
they're called the young invinibles. they're standing on principle, so for a large chunk, against health care law. john robert has his hands on the poll, making obama care supporters nervous. >> more than a tad nervous, i would think. this comes from harvard, the president's alma mater. bad news. his support among 18 to 29-year-olds, core constituents whoa helped get his elected and re-ele re-elected, is cratering, down from april from 41%,a member of congress the group, 57% -- among the group, 57% do not approve of obama care. 22% of the group say they will sign up for it. among people who currently do not have health insurance, even then, only 29% say they'll enroll in obama care. a couple of thing that they're worried about. 51% say they believe that under obama care the cost of health care will go up while 44% believe the quality of care will go down. now for the financial assumptions, the affordable care act to work, fully 4 0% of
1:34pm
enrollees have to be below the age of 35. the poll clearly shows the numbers are not there. director of harvard's institute of politics conducted the poll. >> the president's in a tough spot, declining approval ratings, young people who don't support a policy initiative, who don't want to sign up. and that could lead to either further problems down the road for his signature initiatives. >> grayson believes that the white house only has a short period of time to convince these millennials that the plan is a good thing for them. or, neil, the whole risk is at risk of coming crashing down. >> thank you very much. it's not just young people. president obama is also trying to convince a number of state insurance commissioners to get on board with the plan to extend the canceled plans, at least for a year. ben nelson, former democratic senator, who supported the health care law. now he probably has a more importance function these days as the head of the national association of insurance commissioners. they all recently met with the president, at least key people, yourselves included. you were telling me it's split among -- >> well, 23 states where the
1:35pm
commissioners and/or the legislatures and governor have decided to go along with the president's recommendation or his suggestion that the coverage be extended. 23 states have decided that they either don't have the authority or it would be inappropriate based on what laws have been passed in their state because -- in some instances, they passed a law saying that people had to get in to the plan, and so they are getting into the plan -- >> a f they break from their own law. so for those 23 -- the others are undecided, i guess. what happens to the folks in that state who -- president said, well, you can stay on your plan for another year. they can, right? >> they can. they can stay on their plan. raises serious questions about the actuarial content of that plan. when you have mostly young people or will you have people with health care conditions, once you get an adverse selection pool going, that will adversely impact.
1:36pm
there are all kinds of technical questions that go into that's a look at the national weather you keep the rate as it is for this year or whether you'll adjust the rate for next year and how long does this go on. >> did you envision any of this? it's worse than you thought -- >> i'll put it this way, i think the rollout created unnecessary confusion when you look back and it's been difficult correcting that. but when you were crunching the numbers -- >> yeah -- >> vote on this, did any of your colleagues say, you know, truth be told, when the president's saying you can keep your doctor and all that, there's no way. there's no way. >> sure, we said it. >> you did? >> sure. >> did you say it to him? >> we said it to the appropriate people. >> did they tell him? >> not i don't. he says that he -- he was aware of part of it, and he's given his own explanation. >> do you think he lied? >> no. i'm not going to go into saying anything about the president of the united states. you know, he has his own explanation, we understands that. he's -- he's given it.
1:37pm
what i do know is that there were several of us who said that that would be a difficult promise to keep. >> what do you think it's going end to up then? i was asking michele bachmann earlier. it's really in the end looking at this in layman's term, how many people benefit versus how many do not. and the argument was that everyone was going to benefit by and large when this was sold. and now it looks like a good chunk of people are not going to benefit. you think more will benefit or fewer? >> i don't think anybody knows at the moment what the rates will ultimately be or when -- >> they're up for a lot of people. >> ultimately how that will all play out. >> what do you do for those are finding that when -- when they do get coverage, if they've been kicked off, they're paying a lot more for it or a lot limited choices, or -- or sort of a one-size-fits-all? bottom line, they're burned. >> well, you know, the one thing that people do need to focus on is that there's no longer a lifetime or an annual limitation or cap on benefits -- >> no, a lot of great stuff
1:38pm
here. >> yeah. >> the lifetime benefit -- that's fine. but covering the conditions, i love that one. but you knew at the time, and i'm sure a lot of your colleagues at the time, that you don't get something for nothing, right? >> but there is something here that hasn't been discussed much, the medical loss ratio. that 85% of the premium or 85 cents out of every premium dollar needs to be paid out in benefits or returned and has already been processed sort of in a place where last year people got rebates -- not enough. most -- right now, early on, they're paying more. do you think that's going to reverse itself? >> i think that's where tell even out with the competition. what will be the advantage in overcharging? you can't keep the money -- >> do you regret any of this? >> look, you don't get a lot of do-overs in life. >> if you did, if you did? >> you know, i don't think it's fair for me to go back and talk about -- >> i talked to some of your colleagues off the record. they don't say it on the record, yeah, i regret it. >> i think i regret things that happened.
1:39pm
like the bad rollout. the fact that young people have been told that it's better to stay off the plan than it is to get on the plan. >> do you think the president was out to lunch on this? >> no, i -- >> do you think that the white house in general didn't appreciate the -- >> i'm not going to get en-- engage in that kand kind of a blame game. >> not blame, but it was his pet project, his baby. this was his jfk space program, right? >> well, i think what you need to think about is that sometimes you attempt to do things. now let's go back to the prescription drug benefit, part d of medicare. i didn't think that would go out smoothly, and it did. you don't always -- can't always predict. >> it didn't go out smoothly crew finished up better than it started. you're right. >> okay. finished up better than it started. it wasn't a bad rollout. >> you're going to give the benefit of the doubt like bill clinton that this will sort itself out? >> well, i think it will sort itself out. >> okay. >> ultimately, people have to come together and find solutions as opposed to blaming and pointing fingers. that won't get us where we want to be, and that's why the commissioners are focused on taking care of folks back home
1:40pm
in the best way they can figure out how to do it. >> for those -- they're in a pickle here. senator, thank you very much. >> thank you. in the meantime, i want you to look at this image. you see this? look closely. something is wrong. someone is mad. and that someone is suing. can you think about why? with my friends, we'll do almost anything.
1:41pm
out for drinks, eats. i have very well fitting dentures. i like to eat a lot of fruits. love them all. the seal i get with the super poligrip free keeps the seeds from getting up underneath. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. a lot of things going on in my life and the last thing i want to be thinking about is my dentures. [ charlie ] try zinc free super poligrip.
1:42pm
1:43pm
viva la lawsuit or las vegas suit? when the united states postal service unveiled this stamp back in 2010, it was assumed that it had taken a photo of new york's statue of liberty. turns out, it was new york, new york's. as in the famous las vegas casino. and now the replica's sculptor is suing. is he about to hit the jackpot? one attorney says the suit is a bust. another says she's all in. you think it's not going anywhere? >> my goodness, where's the trademark? first of all, it's the statue of liberty. doesn't everyone whave in mind
1:44pm
what it looks like? you would not have seen the difference. in your mind you have a conscious image. by the way, the conscious image is virtually identical. >> but obviously this guy was able to pick up on it and see dish. >> yeah. apparently he made some really distinguishable characteristics -- >> like he signed the forehead. that was a dead giveaway. >> she's more feminine. her nose is smaller. her hair is wisping. it's -- >> wait a minute. her hair is wisping? can we go to that double? you're right. it is wisping. >> the plaintiff has to prove that he or she independently drew the image. that's what he's arguing. he said he didn't look at the one in new york. >> say he's right, it is his, he didn't get it and they're made to think it's the actual statue of liberty, does he have grounds? >> even if he shows similarity, he has to prove damages. he need to say, listen, i did all i could to protect my image. his it trademarked, copyrighted
1:45pm
somehow. none of that's been done. the legal protections are needed -- >> but you have to admit that his statue is hotter than the french version? >> i don't know, green -- >> is he french? >> i don't know. >> all he has to do is show that the united states postal service took an actual copy of his original or used a copy -- >> what did -- did the post office ever come out and say, no, this is -- >> no, they never did. that's the problem. >> they never said this is the actual statue of liberty? >> right. they need to present, weather did they get the image from. -- where did they get the image from. >> try to prove it. every one of us has an image who've it looks like. >> the wispy hair, i mean -- >> the smaller nose. >> the same size, dimz dimensie the same? no way. >> will he do it -- he waited so long. this is 2010 -- >> maybe he just discovered it. maybe he's not one to use snail mail. >> he probably saw it and said,
1:46pm
"wait a minute." >> ladies, thank you very much. in the meantime, forget the walk of fame. john stossel says try the walk of shame. in the nation, we know how you feel about your car.
1:47pm
so when coverage really counts, count on nationwide insurance. because what's precious to you is precious to us. ♪ love, love is strange just another way we put members first. because we don't have shareholders. join the nation. ♪ baby...
1:48pm
♪ nationwide is on your side ♪
1:49pm
john stossel's really in, look at this. >> my key core constituency, movie stars. [ laughter ] >> i pledge -- >> to be a servant to our president. >> oh, yes. celebrities are eager to support their candidate. it's as if -- >> for centuries the people had nowhere to turn, no one to look to for help, until he arrived. >> it is mind-boggling to me the things that come out of people's mouths. ♪ >> some celebrities say
1:50pm
socialism will fix everything. >> social egalitarian system. >> and more laws will stop gun violence like that in -- >> newtown -- >> tucson. >> aurora. >> why do the same celebrities do it for money?tucson. >> reporter: what those same celebrities do for money, aren't they hypocrites? i wish someone would confront them. tonight we'll try. >> isn't it deplorable that you're glamorizing the weather underground, a bunch of domestic terrorists? >> i'm speaking for the entire world. >> you can't buy anything more effective. >> reporter: what makes these people experts? >> i'm not a doctor, but i play one on tv. >> reporter: that's our show. >> i love that. >> i'm glad you liked that. but people listen to him. or do they? >> we all know i think fracking's been delayed. probably lady gaga got 40 million twitter followers. fracking probably reduces greenhouse gases more than anything the environmentalists
1:51pm
propose. yoko is singing "don't frac me." >> she was actually running the other way. your point is select states like new york, lady gaga, it could have an impact. but beyond that? >> i don't know. i'm just more interested in why this uniformity. why do they say, if i step outside this code, i won't get work. and how can they be so stupid sometimes? i mean, leonardo dicaprio just said i'm going to take some time off from making movies, and i'm going to fly around the world trying to help the environment. >> well, don't we all? >> but flying around the world, by his standards, is going to hurt the environment. >> right, citation, yeah. >> harrison ford has seven airplanes. i say good for him, but then he goes and he has his chest waxed. for the environment. >> you've never had your chest -- >> it hurts me here like it's hurting the rain forest when they cut that down. >> collectively when it comes to elections, 50th anniversary of
1:52pm
jfk's death, but beyond that, do they connect with candidates? do people really say, okay, they make a difference in elections? >> i don't know. i'm just a reporter reporting what they do. i can't tell you how much effect they have. >> thank you for being such a great, cooperative guest. john stossel, why don't you go back. for god's sakes. >> do you want to talk about why? >> no, i don't want to talk to you at all. what is the sensation with fox? to tick off someone else? >> rhetoric has become so detached from reality. and then you have talk radio and of some the networks, fox news who repeat it. >> those of you who are watching certain news channels which i'm not very popular. i have low testosterone. there, i said it.
1:53pm
see, i knew testosterone could affect sex drive, but not energy or even my mood. that's when i talked with my doctor. he gave me some blood tests... showed it was low t. that's it. it was a number. [ male announcer ] today, men with low t have androgel 1.62% testosterone gel. the #1 prescribed topical testosterone replacement therapy increases testosterone when used daily. women and children should avoid contact with applicati sites. discontinue andgel and call your doctor if you see unexpected signs of early puberty in a child,
1:54pm
or signs in a woman, which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with bt cancer or who have or might have prostate cancer, and women who are or may become pregnant or are breast-feeding, should not use androgel. serious side effects include worsening of an enlarged prostate, possible increased risk of prostate cancer, lower sperm count, swelling of ankles, feet, or body, enlarged or painful breasts, problems breathing during sleep, and blood clots in the legs. tell your doctor about your medical conditions and medications, especially insulin, corticosteroids, or medicines to decrease blood clotting. in a clinical study, over 80% of treated men had their t levels restored to normal. talk to your doctor about all your symptoms. get the blood tests. change your number. turn it up. androgel 1.62%.
1:55pm
they can't account for it. when i mentioned -- no, no, what i mentioned by -- >> fox news doesn't know where it went. i've been in san antonio.
1:56pm
>> let me correct the record especially for some news outlet who persist in misrepresenting the facts. >> if you talked to somebody who said, i don't know, i was watching fox news and they said it was horrible. >> imagine the story on fox. if that were to happen. >> if you are on the right, then you're only reading "the wall street journal" editorial page and watching fox news. >> moi? it's fox. it is always, always fox. something's wrong with the health care law, it is fox. fearmong fearmongering, the health care law. have a problem with doubling the gasoline tax? it's stupid, greedy fox not seeing the infrastructure wisdom of that tax. fixing our bridges that need repair, it's fox on a biased bridge to nowhere. it's got to stop. it has got to stop. i mean, what the fox are you doing? trotting out fox every time you start sweating? that's like me saying the camera adds 50 pounds until folks see me in person and say it must not. i really am fat.
1:57pm
just like these guys really are scapegoating. all right, so they don't like it. i know it's pretty clear that congressman who wants to hike the gas tax, that's fine. here's what's not fine. blaming us, blaming me, bs you are constantly throwing back at all of us. left, right, blue, red, it's all green. it's all our green, it's all our money. the government's spending it. fox is simply demanding what they are doing with it. let me be clear to all of you fox-hating, big-government-loving politicians. fox isn't tearing down your bridges. grass is. greed is. no accountability for the spending. you sleeping at the switch. fox didn't make millions of americans lose their health care coverage. mr. president, your health care law did. we didn't tell those companies to dump their workers. they did. just like fox didn't lose hundreds of billions of dollars to repair our infrastructure. the government did. governments at all levels did. fox didn't steal it. they did. fox didn't squander it. they did. and fox didn't then go back and demand seeking still more dough into this apparently bottomless
1:58pm
pit. goth did. congressman, you did. you just did. but here's where you are right, congressman. you didn't call it throwing good money after bad. fox did. i did. you didn't say we have to account for whatever the hell happened to those billions we've already squeezed out of taxpayers to pay for the stuff before we fork over one more cent. fox did. i did. you didn't say that mattered. fox did. i did. you didn't say this merry-go-round must stop. fox did. i did. now, it is very clear that fox isn't everyone's cup of tea, but i think we've got this money in, money out thing down to a tee. some in washington might have a problem with fox. but that does not mean they can ignore some basic questions pretty much only being asked by fox. what are you doing with our money? why do you want still more money? why do you insist the spending cupboard is bare when you've barely cut spending? fox didn't create $17 trillion in debt. washington did. you did. fox didn't manufacture a health care website that didn't work.
1:59pm
you did. fox didn't say if you like your doctor, you can keep your doc r doctor, your hospital, if you like your plan, you can keep your plan. you did, you did you did! before you once again pick on fox for dare speaking the truth, how about first stopping by a mirror and having a look? now, we may be a great foil, but your constant bureaucratic blunders prove you're the fool. now, this whole weight thing is a thyroid issue, as you all know. and the camera does add -- what is it, 100 pounds. 200 pounds. that's enough. it's got to stop. it's got to stop. but they won't stop. but i'm going to call them on every single time they do. because when you have to blame others for your screw-ups, that makes you a bigger screw-up. yeah. all right. we're going to be on that tonight. and this general distrust about
2:00pm
the government and what it can do versus corporations and what they can do is back and forth and the out of control. i'm going to show you how out of control tonight at 8:00. you've got to watch it. your country depends on it. hello, everyone, i'm dana perino along with kimberly guilfoyle and greg gutfeld. it's 5:00 in new york city, and this is "the five oi." it's day two of obama on offense. try to link the gop to the problem of his botched health care rollout. >> between a reckless shutdown by congressional republicans in an effort to repeal the affordable care fact and admittedly poor execution on my administration's part in implementing the latest stage of the new law, nobody's acquitted themselves very well these past few months. so it's not surprising that the american people's frustrations